Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Biodom]

Poor Americans are forced using their cars (on credit) to stand in a food line for hours and the crazy thing is they actually believe they live in the best country in the world.

It's not a bad place, if you have the money.

Most of it is just greed...using an excuse (covid) to collect $100-200 in "free" food, while spending maybe $5-10 (and time, of course) to drive in a lane.
I don't think that majority in that lane are really in need.

[lightfoot]

Do the helicopters have to be black?

I've had a dream of a huge bonfire in the desert, surrounded by a rave of epic proportions, ringed by our black helicopters, noses facing in.

Think Burning man without the suck.

[FullNode]

It's Bear Hunting Season.
Never Short the Corn

https://twitter.com/BitcoinMemeHub/status/1328224246913409024

[lightfoot]

Most of it is just greed...using an excuse (covid) to collect $100-200 in "free" food, while spending maybe $5-10 (and time, of course) to drive in a lane.
I don't think that majority in that lane are really in need.

Eh. I've worked a food bank and I recommend it. There's a very old advertisement I remember as a child: Was a guy sitting on a nice riding mower with a big smile on his face, big house in the background, kids in a pool, and the caption said:

"This man is in debt to his eyeballs"

That stuck with me. In 2008 the market for "luxury trucks" on the used market went stupid-level because people were way over-leveraged.

These people are probably in a similar situation, not looking for "free food". Much like the stupid Christians include bibles with their stuff I think food banks should include a copy of Atlas Shrugged in every box.

Hm.

[JimboToronto]

Good morning Bitcoinland.

Another day, another leg up... currently $17320USD/$22680CAD (Bitcoinaverage).

Love it when the daily rises are close to a grand.

Go Bitcoin go.

only 16% left for a new ATH

Before you open the first door on your advent calendar

 I've already finished one advent calendar this year.  I'm a bit of an overachiever in that regard.

Someone needs to make an adult advent calendar with little airline bottles of booze instead of candies.

[nullius]

Do the helicopters have to be black?

RACIST!

[lightfoot]

It's Bear Hunting Season.

Bear fucking time....

[vroom]

Do the helicopters have to be black?

RACIST!

isn't that a coptist?

[rdbase]

Do the helicopters have to be black?

RACIST!

Then they can be..
gooooolllllllldddddddddd!

Solid gold if you want. They just won't be able to take off from the launchpad.

In that case get a rocketship!

Back to watching Dorsey take the stand right after robotman just had his say about censorship on their platforms.

[FullNode]

Nov-16 16K
Nov-17 17K
Nov-30 30K

[bitebits]

@infofront we need a new poll: When ATH?

[BobLawblaw]

[vroom]

13%

tick tick

[julian071]

So every once in awhile I look at my Porsche and think "Damn that thing is worth a lot given the 2 bitcoins I paid for it". The value of having it these past few years is amazing, but those bitcoins would have bought other things now. Time however is something you can't replace.

I wonder if Bob is going to look at his liberated and lubricated ex-wage-slave and think "damn that boy's ass is worth a lot given the X bitcoins I paid to bail him out of bondage".

I'm afraid me paying 30 BTC for my Ducati is not going to age any better then it already has so far.... But like Bob said, absolutely no regrets!!

[Febo]

All meaningless consumer gadgets, bought with debt-slavery to the banks.  Those “poor people” are worse off than an honest peasant freeman of the past:  All that junk is provided by car loans, credit cards, and, if they are so lucky as to “own” rent from the bank a home, home loans, too.

They are born slaves, slaves from cradle to grave.  Meanwhile, they have no heirs in any meaningful sense.  No posterity.

That is biggest problem. People are brainwashed that being a debt slave is totally OK. They barely not want to sell you something unless you take it on debt and seller laughs at you what is wrong with you when you insist to pay all now.

[eXPHorizon]

So every once in awhile I look at my Porsche and think "Damn that thing is worth a lot given the 2 bitcoins I paid for it". The value of having it these past few years is amazing, but those bitcoins would have bought other things now. Time however is something you can't replace.

I wonder if Bob is going to look at his liberated and lubricated ex-wage-slave and think "damn that boy's ass is worth a lot given the X bitcoins I paid to bail him out of bondage".

I'm afraid me paying 30 BTC for my Ducati is not going to age any better then it has so far.... But like Bob said, absolutely no regrets!!

Buying a Ducati is for the Soul ! No regrets ! But having a sport bike is kinda uncomftable but i dunno tho never rode a Ducati super one. Might be different with a Ducati.. Hypermotard is my fav from them

[BobLawblaw]

My face is starting to slip away from my skull, yo.

This rocket has some high-grade fuel, yo.

[rdbase]

13%
tick tick

https://imgur.com/a/Ceka9kw


70,000 shorts just got absolutely destroyed just now!

[nullius]

Incentives are aligned.  Taproot will help increase adoption and thus, increase Bitcoin’s value.  What selfish miner running a business on razor-thin margins would not want for Bitcoin’s technology to improve, especially in ways that increase transaction capacity?  The money must flow!

I think that the reason why incentives got misaligned with Segwit v0 was that it broke Jihan’s covert ASICBOOST.  This led Bitmain and Bitmain-dominated mining pools into an unholy forking alliance with malicious parties who wanted to fork-attack Bitcoin for other reasons.  (Not that Jihan wasn’t malicious—and not that he didn’t probably have multiple motives; I simply point out here that he had a short-term, stupidly myopic economic interest in protecting his covert ASICBOOST capability.)

Many miners also may have another reason to desire Schnorr, MuSig, Taproot, etc.:  Anything that increases Bitcoin’s blockchain privacy on a mass scale decreases the potential for coercive pressure on miners to join transaction-blacklisting, “KYC”-enforcing mining pools.

Just for a gut check, @philipma1957:  Would you prefer a future in which you may be coerced to use your hashpower to attack Bitcoin’s fungibility—or a future in which such attacks are less feasible, or (beyond Taproot-based technologies) even impossible?

[proudhon]

This market is rigged. It's rigged by fake news manipulation. If bitcoin ever does reach a new all time high, it will be fake, and fake news, and rigged. It's so obvious. BITCOIN HAS FAILED!